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ivann1987 [24]
3 years ago
10

Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of th

is economic condition will likely be:
Business
1 answer:
Brilliant_brown [7]3 years ago
6 0

Answer:

short-term

Explanation:

Based on the information provided within the question it can be said that the duration of this economic condition will likely be short-term. Meaning that it will only last a small amount of time, mostly because this is a problem that needs to / and can be solved in order to increase the economic production to full potential and increase firm revenue.

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Dog owners do not bear the full cost of the noise their barking dogs create and often take too few precautions to prevent their
almond37 [142]
Local governments address this problem by

b. making it illegal to "disturb the peace."

However, enforcement takes valuable resources from fighting crime. The local gov't should have a fine system. First time warning. Second time fine ($50) Third time increased fine ($100). Fourth time, court.
3 0
4 years ago
Read 2 more answers
For each of the goods, classify them according to whether they are rivalrous, nonrivalrous, excludable, or nonexcludable. Rivalr
Jobisdone [24]

Answer:

1. Sports Team Shirt - Excludable / Rivalrous

2. Air we breathe - Non - Excludable / Non - Rivalrous

3. Atlantic Bluefin Tuna - Non -Excludable / Rivalrous

4. A Toll Road - Excludable / Non - Rivalrous

Explanation:

A rivalrous good is one in which usage, by an individual limits the ability of another to use the same good. Rival goods are tangible. This means that they can be held or touched. Examples in this category are; A sports team shirt and, the Atlantic Blue Fin Tuna. Eating a Tuna would limit access to another person, who wants to eat Tuna at that point in time. The same would apply to wearing a sports shirt.

A Non - Rivalrous good is one in which usage by an individual does not limit consumption by another. Most non - tangible goods are non -

rivalrous. Examples in this category are; the air we breathe, and the Toll Road. Almost anyone can access these.

Excludable goods are only used after payment for them has been made. Examples are the Toll Road and the Sports Team Shirt.

Non - Excludable goods can be used even when payment has not been made. Examples are Air and The Atlantic Blue Fin Tuna which anyone can access.

7 0
3 years ago
Why is white-collar employment more significant in a postindustrial society than in a industrial society?
iren2701 [21]

Answer:

Explanation:

White-Collar is a term that refers to employees that wear suit and tie, and usually work from a desk job, while excluding physical labor. These desk jobs are everywhere in a postindustrial society which focuses on the use of technology and providing goods and services to the consumers, usually through online routes. While industrial societies focus on hard labor and mass production of goods and services through manufacturing assembly lines.

8 0
3 years ago
For each of the following fiscal policy proposals, determine whether the primary focus is on aggregate demand, aggregate supply,
Bad White [126]

Answer:

2. (i) demand-side; (ii) both; (iii) supply-side; (iv) supply-side; (v) both

Explanation:

a. $1,000 per person tax reduction  ⇒ focus on aggregate demand (more money for consumers to spend)

b. a 5% reduction in all tax rates  ⇒ focus on both aggregate demand and supply (more money for consumers and suppliers)

c. Pell Grants, which are government subsidies for college education  ⇒ focus on aggregate supply (more money for suppliers of college education)

d. government-sponsored prizes for new scientific discoveries ⇒ focus on aggregate supply (more money for suppliers of new scientific discoveries)

e. an increase in unemployment compensation  ⇒ focus on both aggregate demand and supply (more money for consumers resulting in higher prices and lower output)

4 0
3 years ago
Zapato Company produces two types of boots: vaquero and vaquera. There are four activities associated with the two products. Dri
RUDIKE [14]

Answer:

Attached is the complete questions containing the missing variables:

The activity rates for each activity are stated thus:

Cutting activity rate =$24/cutting hour

Assembly activity rate =$40/ assembly hour

Inspecting activity rate =$20/ inspecting hour

Reworking activity rate=$75/reworking hour

Explanation:

Cutting activity rate =$225600/(4000+5400)=$24/cutting hour

Assembly activity rate =$300000/(2850+4650)=$40/ assembly hour

Inspecting activity rate=$67500/(945+2430)=$20/ inspecting hour

Reworking activity rate=$45000/(150+450)=$75/reworking hour

Obviously you did not include the overheads incurred for each activity in your question,but I have the overhead for each activity in the attached full question with which I computed the required overhead activity rates

Download xlsx
6 0
3 years ago
Read 2 more answers
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